>> My ex IFA mate is a strong believer that share and fund prices will always,
>> over time, rise, so you should not panic if your investment starts to drop.
> > I hope he didnt have money in Sun Microsystems, Baltimore Technologies, Enron, ...........
He wasn't much of an investor himself but unfortunately had a reasonable lump (but by no means everything) in the Woodford funds and his missus has a load of employee share option HSBC shares which are trading at not much more than half what they were at the turn of the year.
However his point about not panicking has legs, as I've done it a couple of times only to find I bailed more or less exactly at the bottom on a steep upwards climb. It's very hard to sit on your hands watching your investment dropping quickly though
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